We've been watching DexSignals by Maxx Fairo with great interest, and with their published results for August 2015 indicating that they were achieving a win rate of 92% on their Nadex signals, I was very intrigued to see what they had to offer. This review will look at their Nadex.com signals, as well as their newly introduced general binary options signals.
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Update 2017/04/07 – Dex Signals is still going strong and it's good to see that they have updated their website and that they are still posting their results. Judging by their latest trading signal results they have improved their efficiency.
DexSignals Review Summary
- Annoying Browser Pop-Ups: No
- Fake Scarcity Counter: No
- Paid Actor Testimonials: No
- Impossible Revenue Gains: No
- Comes Across As Authentic: Yes
- Convincing Proof of Profits: Yes
- Possibility of Being a Scam: 5%
- Price: $1 for first 30 Days, then $197 per Month.
Nadex is the only fully regulated US binary options broker, and as far as I can tell, DexSignals is the only signal service dedicated to providing signals for Nadex.com, which works quite differently compared to other binary options brokers. In fact, with every other binary options broker, you don't need a whole lot of time or training to understand how it works, you might need some time to adjust to how binary options work and profit from it, but the basic principle is pretty straight-forward. Not so with Nadex, you need to first watch a couple of Nadex training videos before you will start to get the hang of it, and I think this is where DexSignals can come to the rescue, they make it much simpler and tell you when to do what.
With ‘normal' binary options trading, you only have to decide whether the market is going up or down from where it is currently, and take the time factor into consideration as far as the expiration of the contract is concerned. However, with Nadex, you have multiple layers of potential trades at set levels, and you can choose one that is either close to the current price, or one that is further away. The closer the market is to the trade layer, or ‘contract' as they refer to it, the closer you get to a 100% return. You can even opt to go for a contract that is already In The Money (ITM), but then your profit potential goes down and your risk goes up so that you could easily end up with a potential profit of $15, but a loss risk of $85. The counter-argument to this is that you probably have close to an 85% change of success, since that is how Nadex structures their trades. In other words, you need to know what you're doing.
I'm not going into a whole Nadex tutorial here, I merely wanted to highlight that when you look at Nadex.com, it is definitely not the same type of trading platform as you would get with other binary options trading platforms. From what I've seen, if you invest the time to understand how it works, trading on Nadex can be very profitable, and that's where I see DexSignals as a potential partner to help you trade.
It is very impressive that DexSignals publishes their results in the way that they do, but it also brings us to the problem I see with DexSignals. Their results for September thus far shows a win rate of about 50%, which is not good at all. The last two to three weeks have been very tough trading times, but there are other signal services that have done much better, even during this time.
I do not believe that DexSignals is a scam, they come across as very authentic, and to a degree ‘unpolished' as a service, which might not be very slick, but I'm sure that the interaction and support you will get from these guys will be good. I'll be watching DexSignals closely going forward.
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